Franklin Templeton MF launches Fixed Tenure Fund IX-Plan B

15 Apr 2008 | 11:35

Franklin Templeton MF launches Fixed Tenure Fund IX-Plan B

Name of Fund: Franklin Templeton Fixed Tenure Fund -Series IX-Plan B

Scheme: It is a close - ended income fund. The scheme will be having maturity of 5 years from the date of allotment.

Objective: The investment objective of the scheme would be to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund's duration along with capital appreciation through equity exposure.

Fund Opens: 15 April 2008

Fund Closes: 12 May 2008

Face Value: Rs 10 per unit.

Investment Options: The scheme offers growth and dividend option. Dividend option further provides dividend payout facility.

Entry Load: The scheme will not charge any entry load as the scheme is of close ended nature.

Exit load: The scheme will charge an entry load of 3% for the redemption done up to 18 months from the date of allotment. It comes down to 2.5%, if redemption of investment is made after 18 months but before 30 months. If redemption of units is made after 30 months but before 42 months, the scheme will levy 2% an exit load. They will levy a 1% an exit load for redemption done after 40 months but before 54 months from the date of allotment. Further, exit load charges come down to 0.5%, if investment units are redeemed after 54 months but before maturity. No exit load will be charged for the switch out/ redemption on maturity.

Minimum Investment Amount: The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter.

Minimum Subscription amount: The scheme seeks to collect Rs.1 crore.

Asset allocation: The scheme may invest 70- 100% in debt securities and money market instruments. It will invest 0-30% in equity and equity-linked instruments. The exposure in government securities and securitised debts shall be up to 100%. The scheme makes investment in ADR/GDR/foreign securities up to 40% of the equity/ debt portion, exposure in derivatives up to a maximum of 50%.

Benchmark Index: 25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index.

Fund Manager: Ninad Deshpande and Pallab Roy for the debt portion and Anand Radhakrishnan for the equity portion.